1) Since this is a Continuously Compounded operation in a 10 yrs period, then we can write out the following equation:
2) Plugging into the equation the given data and since Otto is 20 yrs old and he plans to get $4,000 in ten years, we can write out:
3) Thus the rate Otto needs is
Note that since the 0.1386 the six here is greater than 5 then we can round up to the next thousandth, in this case: 0.139. For the 0.1386 is closer to 0.139 (0.004) than to 0.138 (0.006).
Or 13.9%
Answer:
A
Step-by-step explanation:
beacause if you try to multiple 4x7.5 divided by 2 try it
Answer:
2 additional premium channels
Step-by-step explanation:
Using the given function, we substitute c(x) = 114 and solve for x:
114 =90 + 12x
Subtract 90 from both sides:
24=12x
Divide both sides by 12:
2=x
So you have ordered 2 additional premium channels.
Walmart: 10 pens/$8.99 -> $.89/pen
Walgreens: 25 pens/$19.75-> $.79
Walgreens has the better deal
Divide 3 on the numerator and denominator.
Hoped this helped.
~Bob Ross®
